Bitcoin Trading In Trend Transformation
Bitcoin trading continues the slow transformation of trend. While it's near impossible to predict what variations may still unfold in the enveloping descent, the chart and exchange depth charts give some idea of what we can expect. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Bitcoin Trading and Price Analysis. Time of analysis: 13h40 UTC. Bitfinex 1-Hour Chart. The Bitfinex 1-hour chart has a combination of indicators pointing to a major consolidative phase that may also be protracted in duration. Price is unlikely to draw to a flatline with....
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Trends play an important role in trading, giving traders a chance to use patterns in the price data to make decisions based on more than simple rises and falls, or worse, gut instinct. But how does one identify and draw a trend on a chart? When looking at bitcoin price charts like the one below, you can't help notice how prices at times seem to move along invisible lines: This can be seen whichever chart timeframe you look at, be it weekly, daily or on a 30-minute chart: Trend lines and trend channels. The lines you see in the charts above are called 'trend lines'. However, it is apparent....